Home / Knowledge / News / Apparel/Garments / Men's Wearhouse extends tender offer to acquire Jos A Bank
Men's Wearhouse extends tender offer to acquire Jos A Bank
21
Mar '14
The Men's Wearhouse announced that in accordance with the terms and conditions of the Merger Agreement, dated March 11, 2014, by and among Men's Wearhouse, Java Corp., a wholly owned subsidiary of Men's Wearhouse and  Jos. A. Bank Clothiers, Inc. it has extended the expiration date of its tender offer for all outstanding common shares of Jos. A. Bank.  
 
The offer and withdrawal rights are now scheduled to expire at 5:00 p.m. New York City time on April 9, 2014, unless further extended.  The tender offer was previously set to expire at 5:00 p.m. New York City time on March 19, 2014.  
 
As of 5:00 p.m. New York City time on March 19, 2014, 19,281,365 shares of Jos. A. Bank common stock (including 2,154,327 shares Jos. A. Bank common stock subject to notice of guaranteed delivery) had been tendered in and not withdrawn from the tender offer.
 
On March 20, 2014, in accordance with the terms and conditions of the Merger Agreement, Men's Wearhouse amended its pending tender offer to reflect the terms of the Merger Agreement, including to reflect the increase in the offer price of $65.00 and other changes contemplated by the Merger Agreement.
 
As provided in the Merger Agreement, if on any scheduled expiration date, any of the conditions to the tender offer are not satisfied or waived, then MW may extend the tender offer for successive periods of time up to ten business days.
 
BofA Merrill Lynch and J.P. Morgan Securities LLC are serving as financial advisors to Men's Wearhouse, and Willkie Farr & Gallagher LLP is serving as legal advisor.
 

Men's Wearhouse

Must ReadView All

AEPC chairman Ashok G Rajani speaking at the press conference. Courtesy: AEPC

Apparel/Garments | On 29th Jun 2016

Apparel sector pledges Rs 623cr investment post package

The apparel sector is buoyant after the recent announcement of Rs...

Textiles | On 29th Jun 2016

Textile sector accounts for 6.9% of stressed loans: RBI

Accounting for 6.9 per cent, the textile sector is the third most...

Apparel/Garments | On 29th Jun 2016

India’s apparel exports may touch $20bn in FY17: CMAI

The value of clothing exports from India is likely to touch $20...

Interviews View All

Abhishek Ganguly
Puma India

There are quite a number of brands stepping into the sports lifestyle...

Dinaz Madhukar
DLF Emporio and DLF Promenade

How do you see the competition from e-stores? What is the marketing...

Milind Khandwe
Hindoostan Innovation Centre

Which areas of innovation is the Hindustan Innovation Centre (HIC) focused ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search